Mission Viejo's Market Condition!

Taking a look at the Market for Mission Viejo. Somethings haven't changed from last year to this year except the prices. Prices are down 26% over all but there are less active listings. We are getting more "standard listings" then we had last year but the short sales went up and REOs went down.

From April to now, last year the total sold was 506 of which 38% were distressed sale. This year we have fewer properties but almost as many distressed sales 39%. The big change is that the REOs are down in the precentage of listings. REOs ran 24% of the market for the same time frame last year as this year yet, we are only at 16% right now.